I didn't lose money this year. You down 40%?Old man yeller banking on gold. Gold is more to pacify a mental piece of mind. Like insurance. Gold can potentially do well against hyper inflation, but against inflation meh
I didn't lose money this year. You down 40%?Old man yeller banking on gold. Gold is more to pacify a mental piece of mind. Like insurance. Gold can potentially do well against hyper inflation, but against inflation meh
If you invested two years ago from today you'd still have over a 100% return. Has your gold earned you that much in two years?I didn't lose money this year. You down 40%?
If you moved when dow was 35k-36k, there's nothing to make up. And 36 to 30 isn't 30% by my math, but I'm just a simple old man clutching his gold.For a normal person, you cannot possibly hold enough gold to make up for taking a 10-30% haircut on your 401k.
I don't sell stuff I buy. I buy and hold for the long term. In the short term, yes, I am down. In the long term I am up. Most of my investments are tied up in a privately owned firm, that's been performing very well for a long time. I'm OK. Most of us here will be ok. I'm just sad about how this is going to be resolved. North American governments are scaling back demand by jacking up rates. They're essentially going to be fighting inflation with unemployment.I didn't lose money this year. You down 40%?
That sweet sweet 2% returnI moved to bonds and gold in January, so doing pretty damn well
BONDS and gold.
For the last 6 months we had a labor shortage, that was getting worse due to boomers exiting the building in one way or another.I don't sell stuff I buy. I buy and hold for the long term. In the short term, yes, I am down. In the long term I am up. Most of my investments are tied up in a privately owned firm, that's been performing very well for a long time. I'm OK. Most of us here will be ok. I'm just sad about how this is going to be resolved. North American governments are scaling back demand by jacking up rates. They're essentially going to be fighting inflation with unemployment.
If you invested in Bitcoin two years ago from today your ROI right now would be over 100%.How do you make up a 40% loss in crypto? Just curious.
Labour shortage at what skill and what jobs though? The economy is not as rosy as it is being painted to be. A lot of this is pent up demand due to the pandemic and lock downs finally being eased. My call is q1 of 2023 is going to be an absolute shit show. Worse than 2008.For the last 6 months we had a labor shortage, that was getting worse due to boomers exiting the building in one way or another.
So there's pent up demand, which is going to lead to recession? How does that work?Labour shortage at what skill and what jobs though? The economy is not as rosy as it is being painted to be. A lot of this is pent up demand due to the pandemic and lock downs finally being eased. My call is q1 of 2023 is going to be an absolute shit show. Worse than 2008.
We have too much money chasing too few goods. Rates are getting jacked up on order to try and curb inflation. Lots of people took out loans and purchased homes with variable rates due to record low borrowing cost, during the pandemic. Rates have gone up very fast, cutting into people's ability to spend, as their cost to maintain loans has gone up. Less disposable income means less bars, less tvs, less everything. When people spend less, economy shrinks. Economy shrinks unemployment grows.So there's pent up demand, which is going to lead to recession? How does that work?
And the labor shortage is across the board, almost evey sector. Are you seeing different?
We're have a hard time hiring tech workers, nurses, doctors, registration clerks, house keeping. Literally across the board.
You're assuming similar levels is variable rate mortgages to 2008, which isn't the case, and you're ignoring the historic structural labor shortage we're facing.We have too much money chasing too few goods. Rates are getting jacked up on order to try and curb inflation. Lots of people took out loans and purchased homes with variable rates due to record low borrowing cost, during the pandemic. Rates have gone up very fast, cutting into people's ability to spend, as their cost to maintain loans has gone up. Less disposable income means less bars, less tvs, less everything. When people spend less, economy shrinks. Economy shrinks unemployment grows.